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Online accounting software company Kashoo has received an equity investment from Paychex. The payroll services company made the announcement this week but did not reveal the size of the investment.
In a prepared statement, Paychex CEO Martin Mucci said that the investment is part of an expansion of products and services his company provides to small and mid-sized clients and the accounting community
Two Paychex executives now sit on the board of Kashoo, which is based in Vancouver, B.Ca. Those are Michael E. Gioja, SVP of information technology, product management and development, and marketing VP Andy Childs.
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